MPEG is one of the most common coding and compression standards for internet transferable video images, the MPEG format is playable on nearly all free and payware video players. MPEGs use lossy data compression. MPEGs first predict the initial picture content, and then code differences between that and the copy, as well as any extra information. The group is responsible for helping to create the MPEG4 Type 2 standard as well as working with the ITU on the MPEG4 Type 10 standard now called MPEG4 AVC or H.264.
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